Comarco H1 05 net loss widens, revenue increases

KabirChibber

LONDON (CBS.MW) -- Wireless services provider Comarco
CMRO, -22.86%
its net loss for the first half ending July 31 widened to $5.7 million from $3.1 million. Revenue rose 36.2 percent to $15.7 million. It said: "While our financial performance during the second quarter suffered from a weak launch by our major ChargeSource distributor, we believe we have taken a major step towards improving the sales of this product category through the signing of a (new) distribution agreement." Comarco expects revenue from wireless test solutions to range between $8 million and $9 million for the second half of the 2005 fiscal year, and to be around $20 million for the 2006 fiscal year.

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